When you’re ready to invest in real estate but don’t have the money readily available, that can feel like a full-stop roadblock. But there are ways around your down payment doubt. With thoughtful market research and a bit of creativity when it comes to your financing, you can gain confidence and get started.
These are two of the key components of Pooja Jindal’s investing method. After her primary residence became a long-term rental property, she caught the bug and bought another property, and then another, and several more after that. Over the years, Pooja developed a system that helps her choose, evaluate, and invest with confidence and clarity.
In this episode, Pooja covers everything you need to know to stop stalling and start investing. She highlights the importance of building a community, different ways to do the money math, managing rental properties from a distance, staying motivated and setting investing goals, and getting creative when traditional financing isn’t enough. Whether you’re searching for your primary residence, a second home, or an investment property for short or long-term rentals, Pooja’s advice will help kick-start your real estate journey.
In This Episode We Cover
How data analysis can help you gain confidence and get started
The importance of building a community and learning about the process
When you may want to consider expenses before cash flow
How to get creative and come up with a down payment
Why Pooja prioritizes long-term, generational wealth over current passive income
Using property management software for tenant screenings, applications, and more
An app that can help with short-term rental data analysis
And So Much More!
Links from the Show
Find an Investor-Friendly Real Estate Agent
Ashley's Instagram
Tony's Instagram
AirDNA
Avail
BiggerPockets
MLS
On The Market Podcast
Real Estate Rookie Facebook Group
Redfin
Seeing Greene: How to Get Around High Down Payment Requirements
The Real Estate Rookie Podcast
The Real Estate Podcast
Trulia
Zillow
Connect with Pooja:
Pooja's BiggerPockets Profile
Pooja's Instagram
Check the full show notes here: https://www.biggerpockets.com/blog/rookie-259
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page!
Learn more about your ad choices. Visit megaphone.fm/adchoices
